Cardano’s Potential and Pitfalls Weighed as Analyst Sets $15 ADA Target
- The Cardano network has planned several key integrations to enable its DeFi ecosystem growth.
- Charles Hoskinson has remained optimistic that ADA will outshine Ethereum in the long haul.
- Crypto analysts believe that the ADA/USD pair must consistently rally above 88 cents to invalidate midterm bearish sentiment.
Cardano (ADA), a highly decentralized layer one (L1) blockchain, has outshined Bitcoin (BTC) and Ethereum (ETH) in the past year. Crypto analyst Dan Gambardello has outlined an optimistic bullish thesis for ADA price fueled by the network’s upcoming major developments and external tailwinds including rising demand from institutional investors.
However, there are key issues facing the Cardano ecosystem, which must be addressed in the near term to facilitate its mainstream adoption, led by institutional investors. For instance, the Cardano network has less than $40 million in stablecoin market cap while its competitors, led by Solana (SOL) and Tron (TRX), have been facilitating billions of U.S. dollars in stablecoin minting.
Cardano Bullish Thesis Explained
What will draw institutional capital to ADA
The Cardano network has gradually attracted bi…
The post Cardano’s Potential and Pitfalls Weighed as Analyst Sets $15 ADA Target appeared first on Coin Edition.
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Cardano’s Potential and Pitfalls Weighed as Analyst Sets $15 ADA Target
- The Cardano network has planned several key integrations to enable its DeFi ecosystem growth.
- Charles Hoskinson has remained optimistic that ADA will outshine Ethereum in the long haul.
- Crypto analysts believe that the ADA/USD pair must consistently rally above 88 cents to invalidate midterm bearish sentiment.
Cardano (ADA), a highly decentralized layer one (L1) blockchain, has outshined Bitcoin (BTC) and Ethereum (ETH) in the past year. Crypto analyst Dan Gambardello has outlined an optimistic bullish thesis for ADA price fueled by the network’s upcoming major developments and external tailwinds including rising demand from institutional investors.
However, there are key issues facing the Cardano ecosystem, which must be addressed in the near term to facilitate its mainstream adoption, led by institutional investors. For instance, the Cardano network has less than $40 million in stablecoin market cap while its competitors, led by Solana (SOL) and Tron (TRX), have been facilitating billions of U.S. dollars in stablecoin minting.
Cardano Bullish Thesis Explained
What will draw institutional capital to ADA
The Cardano network has gradually attracted bi…
The post Cardano’s Potential and Pitfalls Weighed as Analyst Sets $15 ADA Target appeared first on Coin Edition.
Read More